Hyderabad: Noting that the government is ready to consider any “meaningful” suggestions on the Insurance Bill, Union Minister M Venkaiah Naidu on Sunday appealed to opposition Congress and other parties to pass it in the current Budget session itself.
“The government would be happy to discuss with Congress and other parties about this bill. I propose to meet the important opposition leaders in Rajya Sabha tomorrow, along with Finance Minister Arun Jaitley. The government is willing to consider meaninful suggestions, if any, from opposition parties. That’s why I fervently appeal to Congress and other parties to see the reason and support the bill in this budget session itself,” the Parliamentary Affairs minister told reporters here.
The Bill slated to be introduced in Rajya Sabha on Monday.
The amendments proposed to the pending legislation (the bill was first introduced in 2008) on the insurance sector are based on recommendations of the Standing Committee of Parliament, he said.
The proposed Bill, which seeks to raise FDI cap in the sector to 49 per cent from the present 26 per cent, was sought to be tabled on Thursday last, but the government agreed to move it tomorrow as Congress and other parties wanted “adequate” time to study the proposed amendments, he said. (PTI)
